California Public Employees Retirement System Sells 8,374 Shares of Carlisle Companies Incorporated $CSL

California Public Employees Retirement System reduced its stake in Carlisle Companies Incorporated (NYSE:CSL) by 9.4% during the first quarter, Holdings Channel.com reports. The fund owned 80,599 shares of the conglomerate’s stock after selling 8,374 shares during the period. California Public Employees Retirement System’s holdings in Carlisle Companies were worth $26,889,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Manhattan CO. LLC. bought a new position in Carlisle Companies during the 4th quarter worth approximately $140,256,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Carlisle Companies by 10,568.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 389,198 shares of the conglomerate’s stock worth $124,489,000 after buying an additional 385,550 shares during the period. Generation Investment Management LLP acquired a new stake in shares of Carlisle Companies during the fourth quarter worth $109,217,000. Norges Bank bought a new position in Carlisle Companies during the fourth quarter worth $87,543,000. Finally, Bank of New York Mellon Corp raised its stake in Carlisle Companies by 26.8% during the first quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate’s stock worth $397,561,000 after buying an additional 251,614 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Trading Up 1.5%

CSL opened at $327.36 on Thursday. The company has a fifty day moving average price of $346.81 and a two-hundred day moving average price of $355.79. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92. The company has a market cap of $13.25 billion, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 1.02 and a beta of 0.85. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The business’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.61 EPS. Analysts predict that Carlisle Companies Incorporated will post 21.16 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s dividend payout ratio is 25.87%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CSL shares. Truist Financial dropped their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. Raymond James Financial assumed coverage on Carlisle Companies in a report on Monday, April 27th. They set an “outperform” rating and a $425.00 price target for the company. Oppenheimer lifted their price objective on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Robert W. Baird cut their target price on Carlisle Companies from $425.00 to $405.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $399.29.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.